Power industry cross border deals total $4.39bn globally in November 2020

28 December 2020 (Last Updated December 28th, 2020 17:53)

Total power industry cross border deals worth $4.39bn were announced globally for November 2020, with Abu Dhabi Investment Authority, Equis and Ontario Teachers Pension Plan Board’s $1.25bn private equity deal with Equis Development being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 70.2% over the previous month and a rise of 20.3% when compared with the last 12-month average of $3.65bn.

In terms of number of cross border deals, the sector saw a rise of 30.61% over the last 12-month average with 64 deals against the average of 49 deals.

In value terms, Europe led the activity with cross border deals worth $2.22bn in November 2020.

power industry cross border deals in November 2020: Top deals

The top five cross border deals accounted for 77.9% of the overall value during November 2020.

The combined value of the top five cross border deals stood at $3.42bn, against the overall value of $4.39bn recorded for the month.

The top five power industry cross border deals of November 2020 tracked by GlobalData were:

1) Abu Dhabi Investment Authority, Equis and Ontario Teachers Pension Plan Board’s $1.25bn private equity deal with Equis Development

2) The $860.49m asset transaction with RWE by Greencoat UK Wind

3) Snam’s $469.89m acquisition of Industrie De Nora

4) The $423.24m acquisition deal of Ence Energia S.L.U. by Ancala Partners

5) GIC’s private equity deal with AC Energy Philippines for $412.8m.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.